AMA Recap: CRYPTO MINERS X LIFE
LifeCrypto is building a future where anyone irrespective of their age will be able to make seamless fiat and crypto settlements with cross-chain interoperability and a globally compliant payments infrastructure.
With the mainstream adoption of new blockchain applications such as NFTs, De-Fi & Gaming.
The LifeCrypto infrastructure will be the backbone to support cross chain smart contract composability within
a reliable eco-system built by LifeCrypto and the vibrant community.
We hosted an AMA session with Life on 27th October at 2:00 PM UTC.
Mr. Ramsy was the host from Crypto Miners and the CEO of Life was our guest. He shared delightful knowledge and unique features of Life.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session with Life
Thank you all for joining us today!❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined by CEO of Life, Welcome to our community 🤝
Hello, Good to be here
Thanks for bringing Us Life ❤️
Hello thanks for having the LIFE community in here today.
We appreciate the opportunity
I'm pretty sure that our AMA participants are very much excited to learn more about Life, so let's get started if you're ready
Yes. Let’s roll
Here’s our first question
Q1) Can you give a brief explanation about 'Life Crypto' .What popped up in your mind to create such a platform in this space?
We need to be able to make crypto transfers accessible for everyone.
Right now sending crypto for the average user we all know is very cumbersome.
Also the way the world in the economy is everyone likes to earn money.
Passive income has become bigger and bigger.
And people are tired of paying fees to transfer Ethereum or other ERC 20 tokens from one place to the other so we aim to solve that…..
Alright, Now Moving to our second one...
Q2) So what are your main features that discern you from other projects and what robust advantages do you have?
- Fee free ERC 20 transfers within the app
- Staking program which is one of the best in the industry
- ability to send crypto just by usernames to other Life app users
The advantage we have is putting all of these in one place.
Earn money save money and send money smarter. ☑️
Q3) can you provide an overview on how Life Crypto is being used & its innovative payment network ’?
Yea. And would like to include a video here…
These are innovative payments because you can have an account that accepts crypto just by your user name.
And fee free to those accepting it within the app.
So……think of it this way:
You’re paying someone in LIFE Crypto you have the app they have the app.
They get paid and keep 100% of the money. It costs you zero in fees to send.
No one in the payment system can touch that.
This enables us to have a huge advantage over other payment systems that cost fees to the user and often to the receiver.
Q4) How has the experience and background of your team been effective in the success of your project so far?
The experience and background has helped this team to achieve a tremendous amount in a very short amount of time.
We launched barely over seven weeks ago.
Established ourselves as a name in crypto in this short amount of time.
Have listed on several exchanges and that is just getting started.
Have additional exchange listings during 4th Qtr.
Thank you for sharing that information About Life, Now let’s move to our next question
Q5) can you share more details about the Life Crypto Tokenomics,is there any particular vesting schedule if so can you share more about it?
Sure. Seed sale tokens & Private sale tokens (30%) are the only main CS for quite a while.
Keeping your CS around 30% it’s not bad.
Of course as the distributions happend the market has actually absorbed them pretty well.
1.6 billion of those (over 1b already in the market) will be fully distributed within the next 10 days.
The seed sale tokens have a few distributions spaced out over the next three months.
Team tokens are locked for a year minimum.
And whereas we originally planned on using tokens per our website on operations and marketing those have been pulled back.
Most of your projects if people look at whatever they’re in don’t have the top wallets locked up.
Some do but most of your projects if you look at them do not.
Any team can move tokens on any of those project at any time.
So we’ve already locked up 20% which really was more than we committed based on the website.
We will be locking up more though.
The way we look at this project going in the future it is way more important to retain those tokens for ultimate future value. Partners & adopters have shown long-term willingness to hold so that is paramount in our negotiations.
Thankyou for this clear information about LIFE Token
Moving to our last question of this segment..
Q6) So how long did it take to develop this project? What plans do you have for the future? And what can we expect from Life Crypto? If possible could you please share road map with us.
We’ve been in development for over a year.
Plans for the future are to be a top project, nothing less.
The roadmap is on our website at www.lifecrypto.life for 4th Qtr and if you scroll to the bottom of the website you’ll see the whitepaper which has additional roadmap goals for 2022.
We have one of our two audits there we have already passed two audits with code being spectacular.
Thanks for that well detailed introduction about Life🤝
That wraps up the introduction part of the AMA session✅
Let’s now proceed our Last Segment, Live Section.
I hope you’re ready for that
Bring it on. 👍🏽
(In this segment group was opened for 60 seconds and miners sent hundreds of questions. Guest choose some best to answer)
1)What are your plans to add other popular blockchains like matic in your platform? will you integrate with other blockchains for mass adoption???
Yes. Cross chain interoperability is key for adoption. Not just for us but for any crypto to ultimately be successful and have mass adoption. Polygon-Matic, BSC. Friends at Digitalbits a new blockchain once up and running you name it. Successful blockchains the people are using you need to be on & interact with seamlessly. ETH has been the king of blockchains but there’s too much competition coming @ it.
2) •Where can I buy it?
•list out its utility’s??
3) AUDIT play an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES . Or are you working to AUDIT your project to make it more secure and reliable?
Yes. We have 2 audits.
One at the bottom on our website www.lifecrypto.life and CMC has our Certik audit
4) What are your security measures adopted from hacking and bugs in smart contract ? Have you conducted any audit to make your smart contract safe?
2 audits on code.
And currently as we beef up our staking website since that is such a key part of our progress we are integrating with Fireblocks who handles digital custody for many Wall Street institutions.
Not big on Wall Street but we will happily work with one of their security firms to have the very best.
We will spare nothing when it comes to protecting our customers digital assets.
5) We know $LIFE has already been listed on 7 centralized exchanges and the team is planning to make it available on 2 top tier 1 exchanges in Q4. This will be very huge. Could you please tell us about the process as well as the approximate time? And could you make it on time without any delay?
Best question here!
That’s the #1. Because frankly that’s what the community wants to know.
Can’t wait to deliver for them. 💯
Tier 1 exchanges do extreme due diligence.
If they were that easy to get listed on every single project would.
We know what we’re doing they know what we’re doing and we will be there when it’s announced.
Don’t forget major exchanges like to follow progress of product releases that something people really miss out on.
We don’t. And we update them daily.
6) Advertising for the project is very important, so do you have any ideas to bring the project to more people?
Yep. People will notice significant advertising starting within the next few days. As mentioned having the products out is so important to then getting the word out….
7) Do you think one day your project will lose to another project? What killer features does your project have that other projects don’t?
There will always be competition in the space.
There are almost 8,000,000,000 people in the world there’s no way one company can get them all.
We need a very very very small slice to be extremely successful and we will get there.
8) How strong is your team ?? Who is the team behind this project ??? How big is your team? Are you a public party or not? Please tell us more about the team background?
Everyone of the team members is doxxed. Has experience in the space. Please check out the website for more details.
9) A lot of scam projects lately. Pulling the rug creates a loss for investors. why should we trust your project? Aren’t you going to do the same?
Nope. Have been in this space a long long time and a lot of history ask anybody who has worked with us.
10) IS your platform suitable for Crypto beginners or only for professionals ? Pls tell about that!
Beginners and professionals that is the absolute goal to merge the two.
*This segment ends here*
Ok. Thank you for all the questions.
Thankyou so much For your valuable answers and information about Life,
It Was Pleasure Hosting An Ama With You❤️
Is there anything else you would like to share or you want us to know ?
I would just say join our telegram group follow the progress and I think in a few months people will be pretty amazed with what they see.
Thanks a lot everyone have a great rest of your Wednesday.
Once Again Thank you so much for spending time with our community & all the very best for "Life" 🚀🚀